Rate Reset

Lending | Other Lending

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25 VISITORS | 57 VIEWS

FOUNDING YEAR: 2008

LOCATION:

United States

REGION:

Virginia

Last Update:
13 Sep, 2019

Description

Rate Reset enables a consumer to reset their loan without the cost and hassle of refinancing. For the financial institution, Rate Reset automates loan retention so the institution can focus on new business.

FOCUS

PRODUCTS & SERVICES:

Rate Reset - Enables Consumers to Reduce Monthly Payments by Extending Term. LoanGen For Auto - Consumers Design their custom auto payment and move their existing loan. Rate Reset for Mortgage - Empowers Consumers to Reset their Existing Mortgage Electronically. It empowers consumers to reset their existing loan electronically.

MAIN CLIENTS:

Pentagon Federal, CUMA, etc.

EXISTING PARTNERSHIPS:

IMM - To Bring New Software Solutions to Financial Institutions MD|DC Credit Union Association - Strategic Partners

COMMENT

Rate Reset Dashboard Provides Administrative Control over All Loan Requirements.

PEOPLE

FOUNDERS:

Keith Kelly, Bob Catalanotto

Board Members and Advisors:

Joe Brancucci, Craig Chapman, Mark Hendricks, Ken Huntsman, David G. Kittle, Leonard Mills, Scott Toler, Deborah Ames Naylor, Rick Mullen

NUMBER OF EMPLOYEES:

1-10

INVESTORS:

Warren Capital Group

TRACTION

VALUATION / MARKET CAP:

$3.67 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$1.11 Millions

SEED & PRIOR FUNDING: